Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1-2 Wills Way Piscataway, NJ 08854

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Medical office condos in Central Jersey Medical & Professional complex.

    Property size:
    10,000 SF

    Property Features for 1-2 Wills Way

    General Information

    Size
    10,000 SF

    Building Details

    Year built
    2012

    We can help!

    Listing Contact
    Darren Lizzack, Msre
    Source: Naihanson

    Listing Agent: Darren Lizzack, Msre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Medical Office Condos For Sale

    Medical office condos are available for sale or lease within the Central Jersey Medical & Professional complex. The available units include 1-2 Wills Way, which can be combined for a total of 3,380 square feet or acquired individually as 1,690-square-foot units. Additionally, there is a second unit at 30 Wills Way, offering approximately 1,500 square feet. The condos are fully built-out, with 1 & 2 Wills Way already combined into one unit with two entrances. This setup provides flexibility to acquire the condos individually or together, with the potential to occupy just one suite, both suites at 1-2 Wills Way, or all three units for a larger footprint. The location in Piscataway Township provides excellent access and visibility, situated off major thoroughfares with convenient connections to Interstate 287 and Route 1, and proximity to the New Jersey Turnpike. The medical office condos benefit from their close proximity to hospitals, medical offices, and related health infrastructure. Ample surface parking is available. Nearby public transportation and amenities such as retail, dining, banks, and fitness services support day-to-day business needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Wholesale Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Piscataway
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4750938
    Latitude
    40.5534523

    Nearby Similar for Sale

    • $370,000
      1,100 SF

      Piscataway Twp. Office Condo

      Ground floor office condo for sale, ideal for various businesses.
      250 Stelton Rd, Piscataway, NJ 08854
      View Details
    • Contact for pricing
      1,000 SF

      Versatile Commercial Space in Piscataway

      Renovated commercial space with flexible layout in a convenient location.
      216 Stelton Rd, Piscataway, NJ 08854
      View Details
    • $330,000
      1,000 SF

      Piscataway Twp. Commercial Office Condo

      Renovated condo ideal for medical or professional office use.
      216 Stelton Rd, Piscataway, NJ 08854
      View Details
    • $330,000
      1,000 SF

      Piscataway Commercial Condo For Sale

      Recently renovated commercial condo ideal for medical or professional office.
      216 Stelton Rd, Piscataway, NJ 08854
      View Details
    • Contact for pricing
      3,600 SF

      Piscataway Twp. Medical/Professional Office

      Renovated 1,000 SF suite in high-visibility building, Piscataway business corridor.
      451 S Washington Ave, Piscataway, NJ 08854
      View Details
    • $725,000
      0.17 Acres

      Piscataway Two-Family Home For Sale

      Two-family home in Piscataway with value-add opportunities.
      307 Rock Ave, Piscataway, NJ 08854
      View Details
    • $450,000
      2,700 SF

      Turnkey Restaurant Opportunity in Piscataway

      Established Indian vegetarian restaurant franchise for sale in a prime location.
      Xyz Rd, Piscataway, NJ 08854
      View Details
    • $464,900

      Updated Townhouse in Birch Glen

      Move-in ready 2-bed, 2.5-bath townhouse with recent upgrades.
      60 Forest Dr, Piscataway, NJ 08854
      View Details
    • $425,000

      Spacious Condo in Piscataway Community

      Bright, spacious 2 BR, 2 Bath condo with garage.
      2102 Amanda Ct, Piscataway, NJ 08854
      View Details
    • $299,999
      1,070 SF

      Piscataway Condo Near Rutgers

      3-bedroom condo, ideal for investors or first-time buyers.
      32 Canterbury Ct, Piscataway, NJ 08854
      View Details
    • $299,999

      Piscataway Condo Near Rutgers

      3-bedroom condo, great potential, near Rutgers University and major highways.
      32 Canterbury Ct, Piscataway, NJ 08854
      View Details
    • $65,000
      1,182 SF

      Profitable Grocery Deli Business Opportunity

      Grocery and deli business for sale in prime location.
      397 Park Ave, Piscataway, NJ 08854
      View Details

    FAQs

    What type of property is this?
    Medical office - Medical office condos in Central Jersey Medical & Professional complex.
    Where is this medical office located?
    The property is located at 1-2 Wills Way Piscataway, NJ.
    What are key features of this property?
    This property features: - Premium medical office condos in the Central Jersey Medical & Professional complex.; - Flexible acquisition options: purchase or lease individually or combined.; - Excellent access and visibility, located off major thoroughfares with easy connections to I-287, Route 1, and the New Jersey Turnpike.
    (201) 488-5800
    Request Owner's contact information
    1-2 Wills Way Piscataway, NJ 08854
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1-2 Wills Way
    Piscataway, NJ 08854
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1-2 Wills Way Piscataway, NJ 08854
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Darren Lizzack, Msre
    (201) 488-5800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.